Jordan's current account deficit decreased by JD1.46 billion

01-04-2024 02:03 PM

Ammon News - Preliminary balance of payments data issued by the Central Bank of Jordan revealed that the current account deficit recorded a significant decline during 2023, amounting to JD1.46 billion, to record JD1.25 billion, or 3.5% of the gross domestic product, compared to 7.8% of the product during 2022.

The decrease in the current account deficit came in light of the significant decrease in the Kingdom’s merchandise trade deficit by JD901.2 million (11%) to reach JD7.3 billion, and tourism income recording a growth of 27.4% and reaching an unprecedented historical level of JD5.2 billion.

Remittances from Jordanians working abroad also increased by 1.4%, reaching JD2.5 billion during 2023.

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